Goldman Sachs opens Bitcoin futures trading in partnership with Galaxy Digital

Charlie Taylor

Goldman Sachs, the fifth largest bank in the United States, announced the launch of Bitcoin futures trading products for its clients in collaboration with Mike Novogratz's Galaxy Digital.The American bank Goldman Sachs, took another big step in its quest to make more and more products linked to bitcoin viable. This Friday, according to CNBC, the bank began trading bitcoin futures in partnership with cryptographic market giant Galaxy Digital. According to Galaxy co-president Damien Vanderwilt, Goldman has used Galaxy Digital as a counterparty since the bank set up its cryptocurrency desk last month. Goldman's moves reveal a desire to take the lead in the cryptoactive market on Wall Street. Vanderwilt also noted that the feat would help attract more institutional investors to the crypto investment space, which he said would reduce asset volatility over the long term. The bank had previously defended Bitcoin in a report by the Research team, stating that Bitcoin is part of a new asset class in the process of being adopted. In addition, Goldman was one of the first Wall Street giants to provide a Bitcoin exposure product.

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While many Wall Street pioneers interpret Bitcoin as ridiculous and unfounded, the bank saw value in the asset and dropped the traditional assumptions of the financial market. In the cryptographic race of the great Wall Street institutions we already have a leader, but the number of participants is constantly increasing.To stay up to date, follow the QR Capital on Instagram and on Twitter.Goldman Sachs Content Opens Bitcoin Futures Trading In Partnership With Galaxy Digital First Appears In BlockTrends – Blockchain | Investments | Economy.

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